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Markets & Finance

Dollar Weakens

MARKETSCOPE : The dollar weakened early Thursday, as investors continued making bets on interest rates in Europe and Japan.

The dollar index was off 0.37 to the 91.52 level. The euro was up to $1.1766 after German October Industrial Production rose more than the expected 1.1%.

The sterling was up at $1.7442, even though the Bank of England left its key rate unchanged at 4.50%, as widely expected.

The dollar was down at 120.39 yen after October machine orders rose 4.8%, leaving orders up 8.5% on a year earlier. November bank lending figures showed total lending falling.

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